ICSAN Corporate Law study plan

Map the hierarchy of Nigerian company law sources - CAMA 2020, subsidiary legislation (CAC regulations), case law, and received English law - into a one-page annotated diagram

Explain the rule in Salomon v Salomon and its statutory codification under CAMA, listing at least five consequences of separate legal personality

Distinguish statutory veil-lifting (e.g. fraudulent trading, members below statutory minimum, misdescription of company) from judicial veil-lifting, giving one Nigerian case example per category

Draft a short memo applying the pre-incorporation contract rules (CAMA s.96-type ratification and adoption) to a two-paragraph fact pattern

Self-test with 25 mixed questions on Domains 1-2 and log every wrong answer with the correct rule

Classify company types (private/public, limited by shares/guarantee, unlimited, single-member, small company) against CAMA thresholds and registration requirements

Walk through the CAC incorporation process step by step, including name reservation, incorporation documents, and post-incorporation filings

Draft a model memorandum and articles of association clause set, then explain how CAMA's default provisions apply where articles are silent

Analyse the legal status of a prospectus, statement in lieu of prospectus, and private placement, and outline civil and criminal liability for misstatements

Compare the fundraising routes available to a private company versus a public company, noting CAC and SEC touchpoints

Answer 30 practice questions on formation and capital raising, then rewrite the explanations for the five you missed

Define share capital terminology (authorised vs issued, nominal value, premium, reserves) and compute a worked example from a balance sheet extract

Explain the rules on allotment, transfer, transmission, and the statutory restrictions on a company acquiring its own shares

Distinguish ordinary, preference, deferred, and redeemable shares by their rights, and state how variation of class rights is effected

Outline the membership register, share certificates, and the procedure and limits on declaring dividends

Draft a shareholder rights cheat sheet covering voting, information, minority protection, and pre-emption

Complete 30 timed questions on shares and membership, targeting 75% accuracy

Distinguish executive from non-executive directors and map the statutory allocation of powers between the board and the general meeting

List the statutory and fiduciary duties of directors under CAMA and common law, with a case authority for each duty

Explain appointment, disqualification, removal, and remuneration of directors, including the procedure and effect of removal under the general meeting's power

Analyse conflict-of-interest and related-party transaction rules - disclosure, approval, and consequences of breach - against a fact pattern

Draft a board resolution and a disclosure notice for a director's interest in a proposed contract

Answer 35 questions on directors and conflicts, then produce a written explanation of every error

Differentiate general meeting, extraordinary general meeting, class meeting, and board meeting by convening authority, notice period, and quorum

Draft valid notices and agendas for an AGM and an EGM, then explain the effect of defective notice

Distinguish ordinary, special, and unanimous resolutions, and state the filing obligations for each

Explain the statutory records and registers a company must keep, the annual return timetable, and the consequences of default

Outline the appointment, powers, duties, and removal of auditors, and the contents of the auditors' report

Complete 30 practice questions on meetings, resolutions, and records with a written error log

Distinguish schemes of arrangement, mergers, takeovers, and asset transfers by procedure, approval thresholds, and court or regulatory involvement

Outline the compulsory acquisition and squeeze-out mechanics available to a takeover bidder who reaches the statutory threshold

Sequence the winding-up routes - members' voluntary, creditors' voluntary, and compulsory - and identify who initiates each

Explain insolvency tests, priority of claims, and the office of the liquidator, including powers and duties

Compare available corporate rescue mechanisms and their practical limits

Answer 30 questions on reconstruction and insolvency, then write a two-page case study applying the rules to a distressed company

Compile the regulatory framework touchpoints - CAC, SEC, NGX, FIRS, and the professional body's practice rules - into a single compliance map

Apply the professional code of conduct to three ethics scenarios involving conflicts, client confidentiality, and reporting obligations

Re-read the weakest notes from Domains 1-2 and rewrite them in your own words without looking at the source

Run a 40-question mixed mock across all domains and record accuracy by domain

Build a personal list of the 20 rules you most often get wrong and convert each into a flashcard

Re-drill the highest-weight domains (directors, duties, meetings) with 60 timed questions at exam pace

Write full answers to three essay-style questions under time pressure and self-mark against a checklist of required points

Review the flashcard list from Week 7 and retire only cards you can answer correctly twice in a row

Simulate a full exam sitting and analyse where time was lost

Produce a final one-page revision sheet of statutory thresholds, notice periods, and resolution majorities